How to send money to UK from Finland with the best EUR-GBP rate

An exchange rate determines the price you will pay when buying Pound Sterling. A better exchange rate means more money reaching the recipient in United Kingdom.

The current rate between the Euro and Pound Sterling is 0.8622. With the EUR-GBP exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to the United Kingdom from Finland, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for EUR-GBP is 0.8622 GBP per Euro.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Key Currency, cahrges 0 EUR per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of Pound Sterling eventually received in the United Kingdom.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Finland and the United Kingdom.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Finland to the United Kingdom.

Here are all the ways to send money from Finland to United Kingdom:

Bank transfers

A bank transfer is often the default option for money transfers from Finland to the United Kingdom.

By using a money transfer company such as Key Currency to send money from Finland to the United Kingdom, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Finland to the United Kingdom with a prepaid or debit card is very easy with Wise.


Wise is a great choice for sending money with a debit card from Finland to the United Kingdom. This is from the 16 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from Finland to the United Kingdom there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on GBP

Companies offering money transfers between Finland and the United Kingdom have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare EUR-GBP rates for your specific transfer amount.

For regular transfers from Finland to the United Kingdom, shopping around each time can make a huge difference.

We’ve recommended Wise for sending EUR to United Kingdom, because of their combination of rates and fees when sending from Finland to the United Kingdom that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering the United Kingdom from Finland.

There are different ways to receive Pound Sterling in the United Kingdom. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Finland to the United Kingdom support every method for receiving Pound Sterling so it’s best to check ahead of time.

Sending directly to a bank account in the United Kingdom is one of the most common ways to receive money from Finland. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Finland and the United Kingdom.

Cash pickup is popular in the United Kingdom, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Revolut, and are recommended for domestic payments only.

When sending Pound Sterling to the United Kingdom, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Finland include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in the United Kingdom, the options are similar.

Large transactions between Finland and United Kingdom can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to the United Kingdom is their easy sign up process in Finland.

When sending money between Finland and the United Kingdom there will be tax declarations to consider.

Some transfers into Pound Sterling may need to be reported to tax authorities in the United Kingdom and Finland, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in the United Kingdom based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Finland or the United Kingdom to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.